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G.-2. <br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERt,REGULAR MEETING{=4'ri `2r0ir0 <br />--k�AcaR'��rAd <br />niOOctober 15, 20186:30 PM <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />Economic Development Investment - Project Griffin Building 1 - Public Hearing 6:30 p.m. <br />BRIEF SUMMARY: <br />Representatives from the Cabarrus Economic Development Corporation (EDC) will present <br />a request for an economic development speculative industrial investment for Project Griffin <br />Building 1 (Griffin Industrial Realty) pursuant to INC General Statute 158.7.1. Project Griffin <br />proposes to construct an industrial spec building, with a projected investment of <br />approximately $6,600,000 in real property. <br />REQUESTED ACTION: <br />Motion to approve an economic development speculative industrial agreement (3 years, 85 <br />percent) between Project Griffin Building 1 (Griffin Industrial Realty) and Cabarrus County, <br />and to authorize the County Manager to execute the Agreement on behalf of the Board, <br />subject to review or revision by the County Attorney. <br />EXPECTED LENGTH OF PRESENTATION: <br />5 Minutes <br />SUBMITTED BY: <br />Samantha Grass, EDC <br />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a New Business item. <br />Page 146 <br />